Analysis News TheBitTimes.com

The Hedera price soared 176% in the last week and 46% in the last 24 hours to trade at $0.3689 as of 11:50 p.m. EST on trading volume that skyrocketed 128% to $7.8 billion. Hedera Price Indicators Signal A Continued Uptrend The Hedera price has been in a continued surge in November, as the parabolic curve shows, after the bulls took advantage of the $0.045 support, according to data from GeckoTerminal . After the upsurge, the HBAR price rose gracefully above both the 50-day and 200-day Simple Moving Averages (SMAs), forming a golden cross around the $0.0738 level. This supported the parabolic rise, as it also continues to support the general bullish outlook. Moreover, the Relative Strength Index (RSI) is currently at 89, which indicates overbought conditions, and a value near 90 suggests extreme overbought levels. The Moving Average Convergence Divergence (MACD) also supports the bullish outlook, as the blue MACD line crosses above the orange signal line. If the price of Hedera ...

BTC price could remain range-bound in the near term, but MATIC, HBAR, LDO and BIT could continue higher. Bitcoin (BTC) price is trying to recover over the weekend but the current bounce lacks conviction. This suggests that dip buyers are nervous to load up before the release of January’s consumer price index data on Feb. 14 as that could boost short-term volatility.  Although the near term is uncertain, analysts at Delphi Digital expect the United States Federal Reserve to pivot to an accommodative policy later in the year and that could be favorable for risk assets. Crypto market data daily view. Source: Coin360 Another bullish projection came from Pantera Capital CEO Dan Morehead who said that Bitcoin’s “seventh bull cycle” may have begun. Morehead highlighted that the decline from November 2021 to November 2022 lasted 376 days and that BTC price witnessed a 77% drawdown, in line with the median downdraft of 307 days and a median drawdown of 73% seen during earlier bear markets. T...